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Boeing confident 787 will become moneymaker (update)

Boeing confident 787 will become moneymaker (update)

by Richard Schuurman | Apr 28, 2021 | Boeing | 0 comments

On two occasions, on January 27 and again today on April 28, Boeing’s Chief Financial Officer Greg Smith warned analysts of the need of taking a reach-forward loss on the 787. But even now, with Dreamliner production being hampered by quality issues, Boeing hasn’t...
787 delivery pause costs Boeing revenues

787 delivery pause costs Boeing revenues

by Richard Schuurman | Apr 28, 2021 | Boeing | 0 comments

Boeing reported a first-quarter net loss of $-561 million compared to $-641 million in the same quarter last year, it said on April 28. The Group’s operational loss was $-83 million versus $-1.353 billion in 2020. Revenues were lower as the 787 delivery pause cost...
Boeing adjusts 787 production rate to market reality

Boeing adjusts 787 production rate to market reality

by Richard Schuurman | Dec 6, 2020 | Boeing | 0 comments

As recovery of the long haul air travel segment is expected to take longer than was expected even a few months ago, Boeing has responded by reducing the production rate of its Dreamliner-family. Instead of rate six from mid-2021, the airframer has made a “modest...
Boeing confident 787 will become moneymaker (update)

Boeing to lay off 10 percent of staff, revise production rates

by Richard Schuurman | Apr 29, 2020 | Boeing | 0 comments

Boeing intends to reduce its overall workforce by 10 percent or some 16.000 employees as it is confronted by the new market reality after the Covid-19 crisis, CEO David Calhoun has written in a letter to employees. The Commercial Airplanes division will see reductions...

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